Manager, Project Finance

NineDot Energy • Brooklyn, NY

2d • Hybrid

About The Position

NineDot's name derives from the classic mathematical puzzle for sparking out-of-the-box solutions. As a leading community-scale, clean energy developer with a growing portfolio of projects across a range of technologies, NineDot Energy is creating innovative energy solutions that support a more resilient electric grid, deliver economic savings, address environmental justice and reduce carbon emissions. Our pipeline includes more than 1 GW of clean energy projects designed to strengthen local power grids and provide clean, reliable and resilient power to the communities we serve. With the backing of Manulife Investment Management and The Carlyle Group - two of the world’s leading infrastructure investors - NineDot is continuing to expand its core battery energy storage pipeline, deliver enhanced products and services, explore new regions and consider potential acquisitions all to advance the decarbonization of New York’s grid. This is an exciting opportunity to build a platform from the ground-up with a world-class team of developers and innovators. Reporting to the Director, Project Finance the Manager, Project Finance will play a key role on our project finance team supporting capital raising activities to aid the development of NineDot project portfolio, including project finance debt, equipment financing, land financing, and tax equity. You will work closely with the project development, legal, and executive teams and lead the development of financial models, financial analysis and due diligence, and prepare financial and operational reports to support project finance activities. You will regularly interact with external parties including investment banks, tax equity investors, and consultants.

Requirements

• Minimum of 5 years of professional experience in project finance or M&A.
• Bachelor’s degree in Finance, Accounting, Business Administration, or related fields required; Master’s degree preferred.
• Experience and knowledge in areas of project proposals, project finance structures, regulatory frameworks, and all the financial accountabilities related to multiple projects.
• Experience in the energy, real estate, tax equity, and prior project finance roles.
• Strong financial modeling, presentation and communication skills.
• Detail-oriented with strong organizational and time management skills.
• Demonstrated experience executing project finance transactions, preferably including construction debt, term debt and tax equity.
• Knowledge of project finance documentation and experience handling financial closing work either as a project developer or a financier.
• Proficiency in Microsoft Excel, Word, and PowerPoint.

Nice To Haves

• Master’s degree preferred.

Responsibilities

• Structure, negotiate, and execute project financing arrangements, including term loans, tax equity investments, and other structured debt financing.
• Develop and maintain Project Finance models to evaluate project economics from concept to future cash flows.
• Coordinate with all third party consultants to provide necessary deliverables to support financing activities: (e.g. Independent Engineer, Appraiser, Project & ITC Insurance, Domestic Content & Brown Field Energy Community Adders, etc.)
• Coordinate with banks, financial institutions to arrange syndication and raise funds, including debt and tax equity from various financial institutions/banks/lease financing companies.
• Review and interpret financial data, due diligence, term sheet negotiations, and documentation with lenders and lawyers.
• Undertake all the necessary activities, i.e., collecting the information, preparing the projection model, finalizing the design, etc. to evaluate capital investment, proposals and calculate project/equity IRRs, DSCRs, sensitivity scenarios, etc.
• Monitor and report on project financial performance, including tracking actual versus projected performance, and identifying trends and opportunities for improvement.
• Coordinate debt facilities’ drawdown/repayments and monitor compliance with financial covenants.
• Support economic review and interpretation of potential M&A opportunities.
• Prepare and manage project specific deliverables related to financial or contractual requirements.
• Review analytical work and deliverables prepared by Analysts and provide coaching and technical guidance.
• Monitor changes in financing markets, tax-credit requirements and renewable-energy regulations and recommend appropriate adjustments to NineDot’s financing strategy.
• Perform all other duties as assigned.

Benefits

• Medical, dental and vision coverage
• 5% employer match on your 401k retirement account
• 20 paid vacation days off, plus 7 sick days, 9 federal holidays and 3 personal floating holidays
• 12 weeks of 100% paid parental leave for both the primary and secondary caregiver within the first year of birth or adoption
• Wellness initiatives including a $1,000 stipend
• 16 volunteer hours plus two planned company-wide volunteer outings per year

What This Job Offers

• Job Type: Full-time
• Career Level: Manager